According to the monitoring of the business agency, the price of domestic anhydrous hydrofluoric acid dropped slightly in November. As of the end of the month, the market price of hydrofluoric acid was 8360 yuan / ton, down 0.48% compared with 8400 yuan / ton at the beginning of the month, and 13.81% lower than that at the beginning of the month.

In August, the domestic hydrofluoric acid price trend continued to decline slightly. Up to now, the mainstream price of hydrofluoric acid in various regions of China is 7600-8400 yuan / ton. The domestic hydrofluoric acid demand is general, and the hydrofluoric acid market price is mainly stable. The domestic hydrofluoric acid spot supply is normal, the hydrofluoric acid on-site device operates stably, the manufacturers report that the recent delivery situation is not good, and the price in the field is slightly lower. So far, the mainstream hydrofluoric acid negotiation in the southern region is 7600-8200 yuan / ton, and the hydrofluoric acid price in the northern market is 7600-8500 yuan / ton. In recent years, the domestic hydrofluoric acid market price trend is mainly volatile, some manufacturers reflect that hydrofluoric acid exists in the cracks, and some manufacturers report that the recent domestic hydrofluoric acid transaction situation is poor, and the hydrofluoric acid trading market is weak.

The market price of hydrofluoric acid raw material fluorite decreased slightly in November. As of the end of the month, the domestic fluorite price was 2616.67 yuan / ton, and the price dropped slightly by 0.21% in November. The domestic spot supply of fluorite was normal, the downstream market was not improved, and the trend of fluorite price declined slightly. As of the end of the month, the mainstream of domestic fluorite negotiation was 2400-2600 yuan / ton. The fluctuation of fluorite price was a negative factor in hydrofluoric acid market, and the domestic hydrofluoric acid market price decreased slightly.

In November, the market trend of domestic refrigerants dropped slightly, the demand of domestic refrigerant industry did not significantly improve, the start-up of refrigerant industry remained low, and the market price of hydrofluoric acid decreased slightly. The foreign economic development is general, but the refrigerant terminal export has not changed much. However, the domestic air conditioning industry starts at a low level, and the after-sales demand for maintenance is weak. On the whole, the foreign demand has not improved significantly. At present, the load of refrigerant R22 manufacturers is not high, the inventory is in a reasonable range, and the market price drops slightly. However, the downstream receiving capacity is limited, and there is a lot of wait-and-see mood. The actual transaction center of gravity is shifted downward. Some traders are looking for positive shipment, and the quotation is slightly lower than the manufacturer’s ex factory price. There is a phenomenon of cost inversion. The mainstream of on-site negotiation is 12500-14500 yuan / ton. The trend of domestic R134a market has fallen down, but the automobile market industry has been in a downturn, the demand is weak, the market trading center is low, and the transaction atmosphere is light. With sufficient supply of goods in the market and the impact of new production capacity entering the market, the competition is fierce, the supply side gradually forms a negative situation, the price fluctuates at a low level, the downstream demand is not improved, and the market price of hydrofluoric acid falls slightly.

On the whole, hydrofluoric acid market is mainly volatile, but the upstream raw material fluorite market has not changed much, and the demand of downstream refrigerant industry has not improved significantly. Chen Ling, an analyst of hydrofluoric acid from business club, believes that the market price of hydrofluoric acid may remain low.

In November, the international oil price continued to push up, and it has been rising for four consecutive weeks. According to the monitoring of the business agency, as of November 24, the growth rate of American oil was 24.16%, and that of Brent crude oil was 24.88%. At present, the oil price has reached the highest point in recent eight months.

On the one hand, the good news of the new crown vaccine has boosted the demand expectation; on the other hand, according to the news released from the market, OPEC + is expected to further maintain the current super scale production reduction, which is good for the supply expectation.

On November 24, the U.S. WTI crude oil futures market prices rose sharply, with the settlement price of main contracts at $44.91/barrel, up $1.85 or 4.29%. Crude oil futures prices, or Brent, rose sharply at US $72.1/barrel. WTI rose by more than 4%, reaching the highest level since March, mainly boosted by the good news of vaccines and the impact of the beginning of power transfer by US President Biden.

Under the background that the epidemic situation has not been controlled, especially in Europe and the United States, the number of new cases remains high. The market is particularly looking forward to the success of the vaccine, and vaccine breakthrough has stimulated the nerve of market demand. Judging from the recent positive news of vaccines: on November 9, Pfizer announced that the effectiveness of the research and development vaccine was more than 90%; on the 18th, the company said that its effectiveness was more than 95%. The novel coronavirus pneumonia vaccine released by Moderna, a US biotechnology company, reported that its effective rate reached 94.5%. On the 16 day, third vaccines appeared on the 24 day. British Pharmaceutical Company AstraZeneca said Monday that its new crown vaccine was effective in the key tests, and it was expected to rise to 90%. This is the third new weapon for the world to fight against the new coronavirus.

OPEC + has also been releasing positive signals on production reduction recently. On November 16, OPEC + held a meeting of the Joint Technical Committee and the Joint Ministerial Supervision Committee. After discussing whether to postpone the production increase plan in January, the OPEC + ministerial joint monitoring committee said to the outside world that it should be vigilant and respond to the demand of the oil market. Although the current scale of production reduction has not been clearly maintained, the market generally has expectations. However, the implementation rate of production reduction in October dropped from 101% in September to 96%. The market will wait for the outcome of the OPEC + ministerial meeting on November 30.

Novel coronavirus pneumonia is still a factor that puzzles the oil market. Worldometer website real-time statistics show that around November 25th, around 6:30 Beijing time, 60043895 cases of new crown pneumonia were diagnosed globally, 1413229 cases were cumulative deaths, and 117 cases were confirmed by more than 10000 cases. In Europe, France will lift the nationwide “city closure” implemented at the end of last month in three stages, and may be affected by restrictive measures in the short term. Various signs show that the current fuel demand is still not optimistic. Standard Chartered Bank expects that the global oil demand in 2020 will decline by 9.68 million barrels / day compared with that in 2019. Demand in Asia is stable, especially in China, where refining capacity has recovered to pre epidemic levels.

In addition, crude oil inventory data showed a negative performance. On November 24, the US Petroleum Institute (API) released a report on Tuesday showing that US crude oil and gasoline inventories increased in the latest week, while distillate oil inventories fell. U.S. crude oil inventories rose 3.8 million barrels in the week ended November 20, with analysts expecting an increase of 127000 tons, according to the report. U.S. gasoline inventories rose by 1.3 million barrels, after analysts had expected an increase of 614000 barrels. Both crude oil and gasoline inventories have increased more than expected, indicating that refinery operating rates are declining and US crude oil demand is still weak.

According to the business agency, with the release of good news on vaccines and the transfer of power by the president of the United States, more oil prices may return to the supply and demand side. On the one hand, we should pay attention to the results of the OPEC + 30 meeting. On the other hand, Libya’s increase in production has also brought variables to the supply, and the superimposed epidemic situation has not improved. Therefore, it can be said that there are many obstacles to the upward oil price. The market is still volatile in the near future, which may be stimulated by more news and increase the amplitude.

1、 Price trend

The domestic xylene market continued to rise this week, with the average price of 3630 yuan / ton as of Friday, up 2.48% month on month.

2、 Analysis and comment

Boosted by the rise of international crude oil prices, xylene prices continued to rise this week. The listed price of xylene in Sinopec’s enterprises generally rose by 50-150 yuan / ton this week. Port inventory is high. At present, the port inventory in East China is about 131000 tons, down 4000 tons compared with last week, and the pressure to go to the warehouse is not reduced. Market oversupply, downstream Px, gasoline blending demand is general. At present, the price is about 3630 yuan / ton in East China. The future market will focus on the outcome of the US election, the progress of the US economic stimulus plan, the fluctuation of the US dollar index and the stock market, the geographical situation in the Middle East and the impact of OPEC + on crude oil supply, the impact of the continuous deterioration of overseas epidemic situation on the demand for crude oil, the progress in the research and development of the new crown vaccine, the global economic recovery, and the European and American economic recovery relief plan Progress.

Upstream, crude oil, supported by good vaccine news and OPEC’s hope of delaying production increase, this week’s international crude oil prices rose. However, due to the failure of US fiscal stimulus negotiations, the global epidemic is still serious, and oil prices are still facing downward risks. As of Friday, spot Brent rose $1.65/barrel to close at $43.435/barrel, up 3.95% from last week. At present, the main uncertain factors in the market come from the new crown epidemic in Europe and the United States and the uncertainty of the US presidential election. The final direction of crude oil will not take further action until the demand side is better and the US election is clear. In the medium term, oil prices mainly depend on the recovery of demand side and the direction of macro market.

The price of Sinopec / CFR is about US $4300 / FOB in the domestic and foreign markets. PX market is expected to stabilize in the short term. In terms of PTA market, the market price continued to rebound this week. The domestic PTA spot market price was about 3300 yuan / ton, and the external price was about 435 US dollars / ton CFR China. PTA price is expected to maintain a stable trend next week. In terms of ox market, Sinopec quoted 4400 yuan / ton of o-benzene, and the external price of o-benzene was about 580 US dollars / ton FOB Korea and 620 US dollars / ton CFR China. It is expected that the price of o-benzene will maintain a stable trend next week.

3、 Future forecast

Xylene analysts of the chemical branch of the business society think: first look at the supply cost side, the implementation of OPEC + production reduction, the total number of us oil drilling and EIA, API inventory data. Second, on the demand side, the impact of the worsening global epidemic situation on crude oil demand, the progress of industrial chain recovery, the economic and trade situation of Europe and the United States and the progress of economic recovery and rescue plan. Third, look at the linkage between the US dollar index and the stock market, the progress in the research and development of the new crown vaccine, and the geopolitical situation in the Middle East and China and the United States. Next week, we will focus on the US general election, the progress of a new round of US stimulus measures, and the impact of dollar index and stock market volatility on the trend of crude oil. Overall, xylene in the domestic market is expected to fluctuate slightly next week.

According to the monitoring of the bulk data of the business agency, affected by the tight spot supply of acetic acid, the domestic acetic acid market continued to rise. As of November 20, the average price of acetic acid in East China was about 3166 yuan / ton, up 19.8% compared with the beginning of the month and 21.95% higher than the same period of last month. At present, there are 3050-3200 yuan / ton in Shandong, 3250-3340 yuan / ton in Jiangsu, 3300-3400 yuan / ton in Zhejiang, 3000-3100 yuan / ton in Henan, 3050 yuan / ton in Hebei, 2600 yuan / ton in Northwest China and 3250-3350 yuan / ton in South China.

Unit capacity (10000 t / a) unit output (T / D)

Yankuang Guotai 110.3000

Hualu Hengsheng 50.1500

Yangtze BP 50 1300

Jiangsu Sopu 120.3000

Celanese 1200 2500

Jiantao, Hebei, 50.1400

Tianjin Bohua 35 parking

Henan Shunda 40.1400

Henan Longyu 50.1500

Henan Yima 25 parking

Shaanxi Yanchang parking 1300

Shanghai Huayi 70.1800

Anhui Huayi 50.1300

Dalian Hengli 35.1300

Affected by the double advantages of domestic demand and export, the domestic acetic acid market continued to rise this week. During the week, there were many enterprises in the northern region for parking and maintenance, including Tianjin Bohua 350000 T / a unit for 11.18 shutdown and maintenance for about 1 week, Shaanxi extended 450000 T / a device for 11.19 shutdown and maintenance for about 2 days. The shortage of spot supply in the market intensified, and the inventory in the industry was generally low The cumulative increase of the district is about 150-200 yuan / ton, and some enterprises have closed the offer.

The methanol market is strong and upward. Affected by the weather, some parts of the plant are shut down for maintenance, and the inventory of production enterprises is not high, and the attitude of the industry is mostly optimistic. At present, the profits of traders are fair, and the methanol analysts of the business society predict that the domestic methanol market will fluctuate in the short term. Downstream, affected by the upward support of raw materials, the acetate market continued to rise in the week. Due to the overall trend of oversupply in the industry, some enterprises reduced the negative operation, which eased the situation to a certain extent.

Recently, the supply of international acetic acid market is tight, and the price of acetic acid in various regions has been running steadily. At present, the acetic acid Market in Asia is about 420-450 US dollars / ton; the European market is about 560 euro / ton; the North American market is about 490 US dollars / ton.

The acetic acid analysts of the business club believe that the current domestic and foreign demand is good, the acetic acid price support is good, enterprises order more goods, less spot, downstream and traders buy up enthusiasm, it is expected that the acetic acid market will run stably in a short time.

The upstream fluorite and hydrofluoric acid markets operate in a narrow range. The ex factory prices of aluminum fluoride enterprises have little change, and the overall price of aluminum fluoride market remains stable. According to business agency data, the domestic price of aluminum fluoride on November 13 was 9000 yuan / ton, which was flat compared with the beginning of the week.

The price of fluorite in the domestic market fluctuates in a narrow range. Recently, some manufacturers have reported that the sales situation is not good, the downstream demand is not improved, and the fluorite price has not changed much. The operation of domestic fluorite manufacturers is stable, the operation of on-site mines and flotation devices is normal, the situation of fluorite in the yard is not good, and the fluorite market price remains stable temporarily. In the near future, the downstream hydrofluoric acid market price remains at a low level, and the downstream terminal is mainly purchased on demand, and the purchasing sentiment is not strong.

The upstream fluorite, hydrofluoric acid and other raw material prices fluctuate, which has a limited impact on the aluminum fluoride Market. At present, the overall operating rate of aluminum fluoride remains high, and the market supply is sufficient. Recently, the market price of aluminum fluoride is relatively stable. On the whole, aluminum fluoride manufacturers stand up for sales, but the overall inventory of aluminum fluoride industry is high, and the market price of aluminum fluoride is easy to fall and difficult to rise.

Analysts of aluminum fluoride industry of chemical branch of business society believe that: upstream fluorite prices remain volatile, and the current aluminum fluoride production is at a high level. It is expected that the prices of aluminum fluoride manufacturers will be stable.

1、 Price trend

According to the data of business agency, on November 13, the average ex factory price of oil to ethylene glycol in North China was 3700 yuan / ton, down 67 yuan / ton or 1.77% from last week.

On November 12, the market price of ethylene glycol in East China was 3665 yuan / ton, down 65 yuan / ton or 1.74% compared with the same period last week.

2、 Analysis of influencing factors

As of November 12, the total ethylene glycol inventory in the main ports of East China was 1117900 tons, an increase of 17900 tons or 1.63% compared with last Thursday, and an increase of 23500 tons or 2.15% compared with Monday.

In terms of shipment, Zhangjiagang and Taicang have significantly improved this week compared with last week, with an average daily shipment of about 7300 tons in Zhangjiagang and 5500 tons in Taicang.

At present, the operating rate of ethylene glycol is about 61%, slightly higher than that of last week; the operating rate of polyester is about 87%, which is basically the same as last week.

In terms of units, the annual output of 720000 tons of ethylene glycol unit of South Asia Line 4 in Taiwan is planned to start shutdown and maintenance on November 5, and the overhaul lasts for 30 days; Xinjiang Tianye has added 600000 tons of ethylene glycol unit, with the capacity of 400000 tons and the load increased to 80%.

3、 Analysis and prediction

This week, ethylene glycol futures prices rose first and then decreased, turning point occurred on Thursday. At the beginning of the week, due to the impact of warmer downstream demand, the market bullish intention is positive. In the follow-up, due to the poor situation of overseas epidemic situation, and the addition and restart of domestic devices, the supply rose again. At the same time, although polyester maintained a stable operating rate, production and sales fell with the shift of chemical fiber peak season. Due to the accumulation of various adverse factors, ethylene glycol has accumulated again after one month’s drawdown. In the short term, the demand for ethylene glycol has not improved significantly, and the expectation of price rise will be greatly weakened.

According to the monitoring data of the business agency, as of November 10, the ex factory price of domestic industrial grade propylene glycol was around 9466 yuan / ton, with an average price increase of 366 yuan / ton, or 4.03%, compared with November 8, and 133 yuan / ton, or 1.43%, compared with November 1.

Supply is tight, propylene glycol rational callback factory quotation

After several days of weak decline, the domestic industrial propylene glycol market is looking forward to rising. Since the end of last week, the propylene glycol industry has already expected to adjust prices. In this week, the decline of propylene oxide stopped, and the cost support for propylene glycol has been improved. In addition, the current market supply of propylene glycol is tight, the inventory is low, and the supply pressure is small, and the factory is reluctant to sell On the 9th and 10th, the quoted price of propylene glycol in the factory increased continuously, and the downstream side mainly continued to purchase on rigid demand. Therefore, this round of price correction is relatively rational, with the range of 200-600 yuan / ton. At present, as of November 10, the ex factory price of domestic industrial grade propylene glycol is around 9466 yuan / ton. Compared with November 8, the average price has increased by 366 yuan / ton, or 4.03%; compared with November 11 and 1, the average price has increased by 133 yuan / ton, or 1.43%.

Upstream, in recent two days, the domestic propylene oxide market has stopped falling and is expected to have a strong trend. Some factories in some regions have raised the price of propylene oxide by 200-400 yuan / ton. At present, the trend of the market is getting warmer. According to the data from the large list of business associations, as of November 10, the mainstream quotation of propylene oxide Market is around 14500-15000 yuan / ton.

Internationally, WTI December 2020 futures rose $3.15 per barrel on Monday (November 9), while Brent’s January 2021 futures rose $2.95 to $42.40 per barrel. China’s main SC crude oil futures contract 2101 fell 0.2 yuan / barrel to 243.2 yuan / barrel.

Demand for more than a narrow range of propylene glycol Market

At present, the raw material support of propylene glycol market may gradually improve, but those who just need to purchase continue to offer higher prices for fear of aggravating the downstream wait-and-see mood and forming a resistance to high prices. Therefore, the propylene glycol data analyst of the business agency believes that in the short term, the propylene glycol market will be limited in breadth, and the market will mainly fluctuate in a narrow range.

Trade name: hydrochloric acid

Latest price (November 9): 307.50 yuan / ton

On November 9, the mixed price of hydrochloric acid in Shandong increased by 1.50 yuan / ton, or 0.82%, compared with the price quoted on November 6. The upstream liquid chlorine market is generally in general, which gives weak support to hydrochloric acid, while the market of silica and ammonium chloride in the downstream is high consolidation, which brings certain support to the price of hydrochloric acid. At the same time, the maintenance of enterprises has increased recently, the supply of hydrochloric acid is relatively tight, and the downstream purchasing enthusiasm is good. The by-product acid still impacts the market, and the pressure of hydrochloric acid shipment is greater.

Recently, the market price of hydrochloric acid in Shandong area may fluctuate slightly, and the quotation is about 310 yuan / ton.

According to the monitoring of the bulk data of the business agency, the dichloromethane market in Shandong has been running steadily due to the continuous high price of raw material liquid chlorine. As of November 6, the average price in Shandong was about 3200 yuan / ton, which was stable in the week, with an increase of 23.08% compared with the same period of last month.

Production capacity and operation of the enterprise

Jinling, Shandong Province: 440000 tons / year, 50%

Dongying Jinmao 120000 tons / year parking

Luxi Chemical Industry: 400000 tons / year: 50%

Shandong Dongyue: 280000 tons / year: 30%

Jiangxi Liwen: 120000 tons / year: 50%

Jiangsu Liwen: 160000 tons / year

Jiangsu Meilan 200000 tons / year 70%

Quhua, Zhejiang: 300000 yuan / year: 70%

Zhejiang Juhua: 300000 tons / year: 50%

In recent years, the domestic dichloromethane market has been strong, mainly due to the rising price of raw material liquid chlorine. At present, the production cost of dichloromethane enterprises in Shandong is under pressure, and the overall demand of downstream market is flat, so the enterprises are forced to reduce the operating load, and the overall operation of the industry is less than 60%. As the inventory of enterprises is in the acceptable range, it has a good intention to raise prices. At present, the price of dichloromethane in Shandong is about 3200-3250 yuan / ton, that of Jiangsu Liwen is about 3700 yuan / ton, and that of Jiangxi Liwen is about 3100 yuan / ton.

In terms of raw materials, the domestic methanol market has been adjusted in a volatile way, with the current price of about 1902 yuan / ton. Some manufacturers continue to increase the ex factory quotation. Driven by the current futures, the international crude oil price rebounds, the equipment maintenance of production enterprises, low inventory, and the recovery of downstream demand and other factors are favorable. The favorable factors will remain in a short time, and traders are full of bullish mentality. Recently, the liquid chlorine market continues to rise, and the supply in Shandong is tight due to the impact of enterprise maintenance The price of liquid chlorine is high and firm, and the surrounding market is following the trend. At present, the mainstream quotation in the industry is about 1800-2000 yuan / ton.

In the downstream market, the market of refrigerants is running weakly and steadily, and the price is falling steadily. Downstream major air-conditioning manufacturers started low, the demand was scarce, the demand for foaming agent decreased, and the orders were not many, so the demand side was difficult to boost the market. The hydrofluoric acid industry in the raw material surface was stable, and there was no good signal. Although the quota decreased at the end of the year, the market was back to the buyer’s leading position, and the short-term market was still weak; the pharmaceutical and agricultural solvent industry started flat, and there was insufficient support for chloroform.

According to the methane chloride data of the business society, the domestic dichloromethane market is running stably for the time being, the enterprises are not starting high, the overall supply and demand of the industry are weak, and the downstream market is mainly wait-and-see.in the future market, we need to pay attention to the raw material market, and it is expected that the price of dichloromethane will remain stable in a short period of time.

1、 Price trend

According to the business club’s big list data, this week pure benzene stopped rising and turned down. On October 25, the listed price of pure benzene was 3580-3700 yuan / ton (the average price was 3625 yuan / ton); this Sunday (November 1), the listed price of pure benzene was 3350-3650 yuan / ton (the average price was 3575 yuan / ton), down 50 yuan / ton or 1.38% compared with last week.

2、 Analysis and comment

This week, pure benzene showed a downward trend, mainly driven by the drop in crude oil. Although the price rise of styrene in the downstream has brought benefits, the fundamentals of pure benzene itself are weak, the entry of downstream units is delayed, the port inventory is high, and the market focus is weak.

In terms of external market, on Friday (October 30), the import of pure benzene from South Korea was 450.33 US dollars / ton, up 7.66 US dollars / ton, or 1.73% compared with October 23; and that of East China was 459 US dollars / ton, up 9.5 US dollars / ton, or 2.11% compared with October 23.

In terms of crude oil, the impact of public health events in Europe and the United States intensified, the blockade measures tightened, the market worried about weak demand, and the international oil price fell sharply. Compared with October 23, Brent fell $5.03 per barrel, or 12.2%, while WTI fell $3.7 per barrel, or 9.28%. Compared with December 31, 2019, Brent decreased by 45.77%, and WTI decreased by 40.51%.

Downstream: the fundamentals of styrene were positive, although the crude oil and styrene futures fell at the beginning of the week, but they rose rapidly in the later period. On November 1, the price of styrene in Shandong Province was 7050 yuan / ton, up 316.67 yuan / ton, or 4.7%, compared with last week.

Aniline prices continue to maintain stable this week, enterprises no pressure to ship, supply and demand balance. On November 1, the price of aniline in Shandong was 6600-6700 yuan / ton, and that in Nanjing was 6700-6800 yuan / ton

3、 Future forecast

In terms of crude oil, the impact of public health events intensified, and it is expected that oil prices will continue to be under pressure next week. Pay attention to the progress of the consultation on the US economic stimulus package.

The port pressure of pure benzene is still under pressure, and the process of de stocking is slow. In addition, the price difference between internal and external markets is large, and the import pressure is increasing. However, in November, the downstream is expected to have new demand, which has a certain support for the price of pure benzene, and the pure benzene has a good resistance to fall. It is expected that the trend of pure benzene will remain weak and stable next week.

According to the monitoring of the business agency, the price of activated carbon was 10933 yuan / ton at the beginning of this week and 10933 yuan / ton at the end of this week, and the price remained unchanged.

The price of activated carbon in China is stable. At present, the ex factory price of activated carbon for water purification of coconut shell in East China is about 7000-12000 yuan / T; the overall market inventory is still in stock, and the transaction is fair, and the environmental protection policy has been boosted.

The cost pressure of coconut shell, fruit shell and charcoal as the main raw materials in the upstream of activated carbon was supported, and the demand turned better; the cost support of coal based carbon raw materials was weak. The downstream power, medicine and other demand industries purchase goods according to the order. The purchase market of activated carbon for air purification and water purification is favorable, and the environmental protection policy boosts the activated carbon market.

Forecast: the main market of activated carbon is stable, the price has no obvious adjustment, and supply and demand are in stalemate.